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Author Question: James used 200,00 . from his savings account that paid an annual interest of 10 to purchase a ... (Read 124 times)

melina_rosy

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on: Jul 1, 2018
James used 200,00 . from his savings account that paid an annual interest of 10 to purchase a hardware store. After one year, James sold the business for 300,000 . An Economist calculated his profit to be:
 a. 300,000
  b. 100,000
  c. 80,000
  d. 20,000

Question 2

Holding other things constant, if the Japanese Yen, appreciates, it makes the Japanese products
 a. Less attractive to US customers
 b. More attractive to US customers
 c. Neither more nor less attractive to US customers
  d. None of the above


ebenov

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Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

a


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